← belizelaw.ai · Protected Cell Companies, Cap. 271 · PART IV — Administrative Orders
Remuneration of administrator
Cap. 271, s. 26 · Revised Edition 2020
The remuneration of an administrator appointed under this Act, and any expenses properly incurred by the administrator, shall be payable in priority to all other claims,
(a) in the case of the administration of a cell of a protected cell company from,
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(i) the cellular assets attributable to such a cell; and
(ii) to the extent these may be insufficient, the non- cellular assets of the protected cell company; and
(b) in the case of the administration of a protected cell company, from,
(i) the of the protected cell company; and
(ii) to the extent these may be insufficient, the cellular assets, in such shares or proportions as the Court may direct.
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